Mike Milligan explains how business owners can write off a vehicle's full value using Section 179 and bonus depreciation, as long as it's new to you and used for business. Finance it through a business loan and you're essentially buying it with pre-tax dollars.
Structure is the number one thing that is important for people who own business. Number 2 is you have to look and know that there are certain deductions you can take that only you can take as a business owner. So the first one is like Section 179 and bonus depreciation on equipment, cars, trucks. So if you own a car, you own a truck, you use it for the business, you go to more than one location, with the right structure, you can get the full value of a car that's new to you. It doesn't have to be a new car. But it has to be new to you. You can get the full value of that car off of your tax returns. You can use, you can use pre-tax dollars to buy the car. Even better than that, Tony, is you don't even have to— you get a car loan, right? You get a, you get a business loan for the car and you can write down all of the value of it. So you borrow somebody else's money, right? You know, you can get all the depreciation to reduce your income. It's there. So that's, that's one, Section 179 and bonus depreciation. Another one is, uh,
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
